Essay on It Industry In India

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IT industry in India

During the past decade, the Indian IT industry has been experiencing a dramatic growth. It grew from Rs.4.7 billion in 1991 to Rs.755.47 billion in 2003, accounting for nearly 3% of the GDP. The revenues generated from software exports reached $10.4 billion for the financial year 2003 with a 30% growth over the previous year. The main factors which contributed to the success story of the Indian IT industry are:

-Support from the government in the form of industrial parks, which enjoy various incentives and tax benefits.

-Liberal export import policy.

-Strict quality policies adopted by the IT industry in terms of reliability, stability and maintainability by adhering to the standards laid down by the ISO…show more content…

The Indian IT Industry has grown from a mere USD 150 million in 1990-91 to USD 50 billion in 2006-07 with annual growth rates of nearly 30% in the last 10 years. [1] [2]

The growth of the Indian economy is mainly owed to the IT sector and the liberalised government policy of reduction in telecommunication cost and import duties on hardware and software. [3] Apart from the Multinationals like IBM, HP setting up shop in India for cost advantages and cheap labour, this industry has seen growth of successful Indian companies like TCS, Infosys, Wipro, HCL, Patni etc. The industry's contribution to GDP has significantly grown from 1.2% in 1999-2000 to 4.8% in 2005-2006[4]

Growth phase

With a CAGR of over 50% between 1992 and 2002, the Indian software sector has expanded twice as quickly as the American software sector[5]

There are many economic and political factors that is expected to have contributed to the growth of the Indian IT industry. In 1968 the Tatas conglomerate set up the Indian software services firm Tata Consultancy Services. Later, in 1970 IBM had to exit India due to high import duties. In 1991, due to a balance of payments crisis the government liberalized the economy. In 1994 the telecom sector was liberalized that led to the growth of the industry and increased competitiveness.[6]

Executive summary
India is a developing country with an emerging automobile sector that grew rapidly over the past few years. It has become Eleventh largest passenger car producer. India is the largest democracy in the world. Recently Indian Government also came up with their ‘Auto Policy’ and the vision of this policy is “To establish a globally competitive automotive industry in India and to double its contribution to the economy by 2010.” The Indian automotive industry has already attained a…

ABSTRACT
The Indian automobile industry is currently experiencing an unprecedented boom in demand for all types of vehicles. This boom has been triggered primarily by two factors:
* Increase in disposable incomes and standards of living of middle class Indian families estimated to be as many as four million in number; and
* The Indian government's liberalization measures such as relaxation of the foreign exchange and equity regulations, reduction of tariffs on imports, and banking liberalization…

Introduction
India has stepped in the exuberant age of retail. It ranks second after Russia as the most alluring destination for retailers among 30 emerging markets, according to the Global Retail Development Index developed by AT Kearney, a consultancy. The 10-12% increase in the economy’s disposable income can be seen clearly by the way goods and services are being brought and sold. Retail Trade contributes 10-11% of India’s GDP.
Case Question’s answers:
1. Why is the Indian retail industry so inviting…

Industry
In India the real estate sector comes second in terms of employment generation, the first being agriculture industry and it contributes almost 5% of the countryâs GDP.
Majority of the real estate developed in India (almost 80%) is residential space with the rest being offices, malls, hotels and hospitals. India leads the pack of top real estate investment markets in Asia for 2010, according to a study by PricewaterhouseCoopers (PwC) and Urban Land Institute. Foreign direct investment…

A MANAGEMENT RESEARCH PROJECT -I ON
“In Depth Study of Edible Oil Industry in India”
In the partial fulfillment of the requirement of Master of Business Administration (M.B.A.) Program (2002-2004) Hemchandracharya North Gujarat University, Patan.
Project Guide Prof. Bhavin Pandya Faculty Member, SVIM
Prepared By Samir Patel Rajendra Patel
S.V.INSTITUTE OF MANAGEMENT
Acknowledgements
Preparing a project of this nature is an arduous task and we were fortunate enough to get support…

The automobile industry is the fastest growing sector in India. Growth in consumption patterns has encouraged tremendous improvement in manufacturing sector and the auto industry has been growing at a rapid pace recording "over 2.06 million four-wheelers (passenger cars, light, medium and heavy commercial vehicles, multi-utility vehicles such as jeeps), and over 9 million two-and-three wheelers (scooters, motorcycles, mopeds, and three wheelers) - in 2006-07." (SBH India, 2008)
It was this promising…